ICE3x Launches Nigeria's First Bitcoin Exchange
South African bitcoin exchange ICE3X has launched bitcoin trading in Nigeria for the first time, opening up a potentially huge market for bitcoin in Africa's most populous country. The company has formed an exclusive partnership with Nigerian payment processor VoguePay, allowing users to buy and sell bitcoins using the local currency, the naira, directly from existing VoguePay wallets. ICE3X is also planning to roll out merchant services allowing local businesses to accept bitcoin. Breaking new ground. Speaking to CoinDesk, ICE3X (pronounced 'ice-cubed X') founder Gareth Grobler described....
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South African bitcoin exchange ICE3X has now made it possible to trade bitcoin in Nigeria through a partnership with Nigerian payment processor VoguePay. Exchange founder Gareth Grobler described the situation with enthusiasm, and feels that Nigeria, Africa's most populous country, is the prime area for a possible bitcoin market: "The market... is potentially massive. VoguePay have spotted the opportunity bitcoin offers, seeing as one of the primary attributes of bitcoin is its security. Nigerian online consumers simply do not have the same access to goods and services from international....
A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised the firm to start liquidation proceedings. ‘Extreme Pressure’ In a statement sent to clients on April 6, the exchange claims it “processed the withdrawals which have already been submitted” and therefore, “all withdrawals from the platform have been disabled.”....
A South African crypto exchange, Ice3x, suspended trading on its platform on March 16 after noting discrepancies in balances of bitcoin and litecoin held on the platform. At the time of writing, the exchange had not revealed the cause of the mismatches in balances or when it expects trading to resume. In the meantime, a report that quotes the exchange’s CEO, Gareth Grobler, adds that BTC and LTC withdrawals have similarly been suspended. However, in his statement following the suspension of trading, Grobler reveals that subsequent consultations and deliberations on the issue with....
The use of bitcoin has been on the rise in Africa, prompting some governments and monetary authorities to consider cryptocurrency regulation. In particular, the Central Bank of Nigeria (CBN) is looking to propose a set of rules to protect consumers and investors of digital currencies. Just as in some parts of Asia and South America, a large part of the population in Nigeria is unbanked, leading to the popularity of alternative ways of moving funds around. Earlier this year, South African bitcoin exchange ICE3X has made cryptocurrency trading possible in Nigeria while Singapore-based BitX....
Authorities in Nigeria and cryptocurrency exchange Binance Holdings Ltd. are in talks tto create a digital economic zone that will support blockchain technology adoption by businesses in the West African country. Binance In Talks With Nigeria According to a press release, Nigeria intends to use the Nigeria Export Processing Zones Authority (NEPZA) to establish the […]